The company’s woodworking division saw its sales top €380m (up 23% on 2014, with 17,000 machines sold), which it says confirms the group as the “world’s second largest player” in the woodworking technology field (after Homag).

SCM held its results press as part of the 18th Holz-Handwerk trade fair in Nuremberg, Germany. Andrea Aureli, the SCM Group CEO, said the company’s net profits were €17m and it was debt-free.

Top performing product areas were machining centres and edgebanders, with the Western Europe sales area showing a 40% growth in sales.

A market which the group has been studying with “great interest” is the wood construction industry, with further investments expected in production development and distribution.

As well as the SCM brand, the group also operates other well-known machine brands, including Morbidelli, CMS and Balestrini.